Convergenze SpA (MIL:CVG) Days Sales Outstanding : 57.77 (As of Jun. 2023)

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What is Convergenze SpA Days Sales Outstanding?

Convergenze SpA's average Accounts Receivable for the six months ended in Jun. 2023 was €3.30 Mil. Convergenze SpA's Revenue for the six months ended in Jun. 2023 was €10.42 Mil. Hence, Convergenze SpA's Days Sales Outstanding for the six months ended in Jun. 2023 was 57.77.

The historical rank and industry rank for Convergenze SpA's Days Sales Outstanding or its related term are showing as below:

MIL:CVG' s Days Sales Outstanding Range Over the Past 10 Years
Min: 41.16 Med: 44.95 Max: 57.5
Current: 57.5

During the past 6 years, Convergenze SpA's highest Days Sales Outstanding was 57.50. The lowest was 41.16. And the median was 44.95.

MIL:CVG's Days Sales Outstanding is ranked worse than
51.32% of 378 companies
in the Telecommunication Services industry
Industry Median: 56.825 vs MIL:CVG: 57.50

Convergenze SpA's Days Sales Outstanding increased from Dec. 2021 (43.60) to Jun. 2023 (57.77).

Convergenze SpA Days Sales Outstanding Historical Data

The historical data trend for Convergenze SpA's Days Sales Outstanding can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Convergenze SpA Days Sales Outstanding Chart

Convergenze SpA Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Days Sales Outstanding

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41.16

45.38

44.52

57.26

Convergenze SpA Semi-Annual Data
	Dec18	Jun19	Dec19	Jun20	Dec20	Jun21	Dec21	Jun22	Jun23	Dec23
Days Sales Outstanding	Get a 7-Day Free Trial					43.25	43.60	42.64	57.77	52.90

Competitive Comparison of Convergenze SpA's Days Sales Outstanding

For the Telecom Services subindustry, Convergenze SpA's Days Sales Outstanding, along with its competitors' market caps and Days Sales Outstanding data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

Convergenze SpA's Days Sales Outstanding Distribution in the Telecommunication Services Industry

For the Telecommunication Services industry and Communication Services sector, Convergenze SpA's Days Sales Outstanding distribution charts can be found below:

* The bar in red indicates where Convergenze SpA's Days Sales Outstanding falls into.

Convergenze SpA Days Sales Outstanding Calculation

Days Sales Outstanding measures the average number of days that a company takes to collect revenue after a sale has been made. It is a financial ratio that illustrates how well a company's Accounts Receivable are being managed.

Accounts Receivable can be measured by Days Sales Outstanding.

Convergenze SpA's Days Sales Outstanding for the fiscal year that ended in Dec. 2022 is calculated as

	Days Sales Outstanding (A: Dec. 2022 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Dec. 2021 )	+	Accounts Receivable (A: Dec. 2022 ))	/	count )	/	Revenue (A: Dec. 2022 )	*	Days in Period
=	( (2.459	+	3.17)	/	2 )	/	0	*	365
=	2.8145					/	0	*	365
=	N/A

Convergenze SpA's Days Sales Outstanding for the quarter that ended in Jun. 2023 is calculated as:

	Days Sales Outstanding (Q: Jun. 2023 )
=	Average Accounts Receivable					/	Revenue	*	Days in Period
=	( (Accounts Receivable (A: Jun. 2022 )	+	Accounts Receivable (A: Jun. 2023 ))	/	count )	/	Revenue (A: Jun. 2023 )	*	Days in Period
=	( (3.395	+	3.2)	/	2 )	/	10.417	*	365 / 2
=	3.2975					/	10.417	*	365 / 2
=	57.77

Convergenze SpA (MIL:CVG) Days Sales Outstanding Explanation

For retailers, when we compare Days Sales Outstanding, it is important to compare the same period in the previous years.

Convergenze SpA Days Sales Outstanding Related Terms

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Convergenze SpA (MIL:CVG) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Communication Services » Telecommunication Services » Convergenze SpA (MIL:CVG) » Definitions » Days Sales Outstanding

Comparable Companies

Traded in Other Exchanges

N/A

Address

Via Magna Graecia 136, Capaccio Paestum, Salerno, ITA, 84047

Website

https://www.convergenze.it

Convergenze SpA is engaged in providing telecommunication services. The company wireless internet services, mobile calling and data services, television subscription services, voice call services, and other related services.